Our enormous & unserviceable debts are going to crush us

by Chris Martenson

Economies are cyclical. Bust always follows boom in the same way the moon follows the sun.

We very nearly had a recession in early 2016. I remain impressed how it was averted then by the application of tremendous amounts of newly-printed-from-thin-air money. It took several trillions of dollars globally, but it worked (if we can call enabling the global economy to take on additional $trillions in debt that will never be repaid ‘working’)